AUSTRIAN ECONOMICS ADDICT

POLITICIANS AND BUREAUCRATS KNOW BEST

Higher Minimum Wage Causes Wendy’s To Have Self-Service Ordering Kiosks At Its 6000-Plus Restaurants, by John R. Lott, at johnrlott.blogspot.com. This is not a surprise to us who have read, “That Which Is Seen and That Which Is Not Seen,” by Frederic Bastiat, the French economist from the mid 1800s. Quote from Bastiat, “the bad economist pursues a small present good, which will be followed by a great evil to come, while the true economist pursues a great good to come, – at the risk of a small present evil.”

Huge Increases In Health Insurance Premiums To Hit Right Before The November Election, by John R. Lott, at johnrlott.blogspot.com. Because of all the government regulations, health insurance really wasn’t insurance before Obamacare. But with all the new Obamacare mandates on health insurance we can say without a doubt that health insurance today isn’t really insurance. It has turned into a pay as you go system like social security. Read this short article written in 1996 titled, “The Insurance Scam” by Michael Levin, to get an understanding that we haven’t had real health insurance in this country for a while. The progressives want Obamacare to be the penultimate step to a government-run single payer system.

Obama’s Overtime Rule Tried At IBM, And It Didn’t Work, by James Sherk, at dailysignal.com. Obama mandates overtime to be paid to salaried employees. What will be the unintended consequences of these new rules? Where does the Executive branch get the power to legislate in this area? Nowhere, according to the constitution. The employer agreed to pay x amount of dollars for y amount of labor, and the employee agreed to supply y amount of labor for x amount of dollars. Why do politicians and bureaucrats always feel the need to interfere with the voluntary exchanges made by individuals in the free market? Because they have power, and we allow them to use it.

Judge Clears Way For San Francisco Soda Pop Warnings, by Nathan Bomey, at usatoday.com. More nanny state regulations. This is our fault. We’ve allowed government to get so big that they can intervene into every aspect of our lives. It is going to take a lot of hard work to roll back big government. When you don’t discipline your dog when he pisses on your carpet, he will keep doing it.

NYC Mayor Wants To Fine Businesses That Don’t Use ‘Transgender Pronouns‘, at tammybruce.com. People either have an xx sex chromosome and are female, or a xy chromosome and are male. If a person “feels” they are a different sex than what their sex chromosomes say they are, that’s their problem to deal with not mine. I guess politicians are going to make it my problem. Remember when we didn’t discipline the dog? This kind of nonsense is our fault.

IRS’s Lois Lerner Speedily Approved Exemption For Obama’s Brother’s Charity, at thedailycaller.com. She approved this while at the same time dragging her feet on allowing the exempt status of conservative and liberty groups.

What’s Behind The Incredible Long Security Lines At Airports, at targetliberty.com. You mean besides the usual lack of incentives to be customer friendly? From the article: “one reason…..Homeland Security wanted to force more travelers to become “known” to the government via PreCheck programs. Another reason was the TSA’s revolt at the government cutting its funding. According to AP, “in the past three years, the TSA and Congress cut the number of front-line screeners by 4,622 — or about 10 percent — on expectations that an expedited screening program called PreCheck would speed up the lines. However, not enough people enrolled for TSA to realize the anticipated efficiencies.” In other words, PreCheck has been in a failure.”

Venezuelan Apocalypse: Some Updates On The Epic Failure Of Socialism In Oil-Rich Venezuela, by Mark J. Perry, at carpediemblog. In Venezuela there is day long lines to get food and medicine. We only have to wait 3 hours in line to get through airport security. I know we are not going to end up like Venezuela, but look where you end up when you allow government to intervene in the free market.

FIGHTING BACK AGAINST THE STATE

Regulations Force Uber, Lyft Out Of Austin, Arcade City Moves In, Hat Tip to LaissezFaireCapitalism. Ride sharing service, Arcade City, is a step ahead of the regulations in Austin. I love the fact that government moves slower than the market. Christopher David CEO of Arcade City, said:  “this is the beginning of a new wave in business and technology that regulators will be unable to effectively stop…Highly connected peer-to-peer ecosystems that harness the wisdom of crowds can self-organize and self-govern better than some arbitrary third-party ever could. We really will ‘decentralize all the things’. The only question is whether the centralists will stand aside of actively resist the change.” Hope springs eternal.

Federal Judge Hammers DOJ Lawyers For Lying About Obama’s Immigration Order, by Phil Shiver, at conservativereview.com. DOJ lawyers lied about the fact that implementation of Obama’s immigration orders was already in progress when the law suit against these orders was going on. In order to get a federal judge to sanction these DOJ lawyers, you know they were beyond breaking the law. For their lies, these lawyers must attend “a legal ethics course”. I don’t think this punishment is enough to keep these dogs from pissing on the carpet. “The law is intended to retrospectively judge behaviour and to prospectively guide it“, Thomas Sowell. This punishment is not harsh enough to make some future lawyer think twice before breaking the law.

Texas To Ignore Iran Nuclear Deal And Maintain Sanctions, at tammybruce.com. States fighting back against the Federal government is a good thing.

Whole Foods Anti-Gay Lawsuit Dropped After Apology, at cnn.com. Fighting back against politically correct groups. A pastor complained about a gay slur on a cake from Whole Foods. The story was a complete fabrication, aka a lie. I wish Whole Foods wouldn’t have dropped the lawsuit against the gay pastor who made up the story. Remember what Thomas Sowell said about prospectively guiding future behaviour. I have a final comment. If you have to make up a story about gays being slandered, you must not be able to find much “homophobia” in America. Try buying a gay wedding cake in a country where the state religion is Islam. Let me know how that turns out for you.

This entry was posted on May 21, 2016 at 12:09 am and is filed under Must Reads For The Week. You can subscribe via RSS 2.0 feed to this post's comments.

Tags: Arcade City In Austin, DOJ Lawyers Lie About Obamas Immigration Order, Health Insurance PremIums To Increase, Higher Minimum Wage At Wendys, Kiosks At Wendys, Lois Lerner, Long Security Lines At U.S. Airports, NYC Mayor Fines Businesses, Obama Care Fail, Obama Regulations on Overtime Salaried Employees, Obama's Brother's Charity, Overtime Rule Tried At IBM, Peer To Peer Ecosystems, S.F. Soda Pop Warnings, Sharing Economy, Texas Ignores Iran Nuclear Deal, Uber Lyft Out In Austin, Use Transgender Pronouns, Venezuela Failed Socialist State, Whole Foods Anti-Gay Lawsuit